Telemus Capital LLC maintained its position in Alibaba Group Holding Limited (NYSE:BABA) during the second quarter, Holdings Channel reports. The firm owned 7,095 shares of the specialty retailer’s stock at the end of the second quarter. Telemus Capital LLC’s holdings in Alibaba Group Holding Limited were worth $1,000,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Alibaba Group Holding Limited by 2,538.7% in the first quarter. BlackRock Inc. now owns 56,989,001 shares of the specialty retailer’s stock worth $6,145,123,000 after buying an additional 54,829,289 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Alibaba Group Holding Limited by 87.4% in the second quarter. Fisher Asset Management LLC now owns 10,318,873 shares of the specialty retailer’s stock worth $1,453,929,000 after buying an additional 4,813,431 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Alibaba Group Holding Limited by 69.2% in the first quarter. William Blair Investment Management LLC now owns 7,603,566 shares of the specialty retailer’s stock worth $819,893,000 after buying an additional 3,110,026 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Alibaba Group Holding Limited by 10.4% in the first quarter. OppenheimerFunds Inc. now owns 21,635,868 shares of the specialty retailer’s stock worth $2,332,996,000 after buying an additional 2,030,747 shares during the last quarter. Finally, Barings LLC purchased a new stake in shares of Alibaba Group Holding Limited during the first quarter worth about $214,131,000. Institutional investors and hedge funds own 36.75% of the company’s stock.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same quarter in the prior year, the company earned $0.47 EPS.

Alibaba Group Holding Limited declared that its Board of Directors has approved a share repurchase plan on Thursday, May 18th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the specialty retailer to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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BABA has been the topic of a number of analyst reports. BidaskClub downgraded shares of Alibaba Group Holding Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) set a $179.00 price objective on shares of Alibaba Group Holding Limited and gave the stock a “buy” rating in a research note on Friday, June 9th. Benchmark Co. initiated coverage on shares of Alibaba Group Holding Limited in a research note on Tuesday, April 18th. They set a “buy” rating and a $140.00 price objective on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $120.00 price objective on shares of Alibaba Group Holding Limited in a research note on Tuesday, May 23rd. Finally, CIBC increased their price objective on shares of Alibaba Group Holding Limited from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Alibaba Group Holding Limited presently has an average rating of “Buy” and an average target price of $140.99.

Alibaba Group Holding Limited Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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